13 Oct 2019 The drive by oil-and-gas companies to cut costs has grown in importance “ Combining data and analytics can create new business models,” says Martin But by using the technology, Total hopes to get faster, more reliable  6 Nov 2019 In the US, the production of oil from shale rocks comes with growing The gas business has embraced new technology to a degree that would  15 Dec 2018 This axiom well describes the evolution of the oil and gas industry. Over the decades, it faced numerous threats such as nationalization of their  New technologies in the oil and natural gas sectors have enabled the explosion of production growth in the United States known as the Shale Revolution. A combination of hydraulic fracturing and horizontal drilling allows producers to access reserves Technology disruption in the oil, gas, and chemicals industry is accelerating the pace of change and generating a nonstop stream of questions, challenges, and opportunities. To carry out their mandates, company leaders and industry professionals need to anticipate, understand, and remain a step ahead of emerging technology trends. Focused, industry-relevant insights are critical to making this happen.

Artificial intelligence. “Artificial intelligence (AI) is set to have the biggest technological impact on the oil and gas industry over the coming years,” according to Omar Saleh, Microsoft's oil and gas director for the Middle East and Africa, who spoke to CNBC.

Oil and gas companies were pioneers of the first digital age in the 1980s and 1990s. Long before phrases such as big data, advanced analytics, and the Internet of  28 Sep 2018 Ten exciting companies will graduate from the inaugural Oil & Gas Technology Centre TechX Pioneers Programme. shale gas production and future production potential.5. These considerable changes result primarily from new technology developments in hydraulic fracturing. 6 Jan 2020 by Mr. Maxim Smolin, Train3 Deputy Project Manager, “Sakhalin Energy Investment Company Ltd.” “NOVATEK – new player on global LNG 

2 Jun 2019 The oil and gas industry often laments its evident talent gap, as older the industry's shift to new technologies that can streamline operations, 

Artificial intelligence. “Artificial intelligence (AI) is set to have the biggest technological impact on the oil and gas industry over the coming years,” according to Omar Saleh, Microsoft's oil and gas director for the Middle East and Africa, who spoke to CNBC. Oil and gas companies were pioneers of the first digital age in the 1980s and 1990s. Long before phrases such as big data, advanced analytics, and the Internet of Things became popular, oil executives were making use of 3-D seismic, linear program modeling of refineries, and advanced process control for operations. The use of such technologies unleashed new hydrocarbon resources and delivered operational efficiencies across the value chain. The latest upstream news and events from the oilfield industry, including oil rigs, drilling, oil fracking, and offshore and onshore projects. For full functionality of this site it is necessary to enable JavaScript. Not every company will reap the rewards equally, of course; but the industry as a whole is excited. Energy exploration and production is quickly becoming a technology-driven industry with the US Oil & Gas News by RIGZONE - leading source of the latest news and insights for the oil & gas industry.

Oil and gas companies were pioneers of the first digital age in the 1980s and 1990s. Long before phrases such as big data, advanced analytics, and the Internet of Things became popular, oil executives were making use of 3-D seismic, linear program modeling of refineries, and advanced process control for operations. The use of such technologies unleashed new hydrocarbon resources and delivered operational efficiencies across the value chain.

The growing consensus is that the Oil and Gas sector is on the cusp of a new era. A second wave of business and digital technologies looks set to reshape it,  extensive industry research acknowledges that Oil and Gas companies have fallen short in deploying new technologies at the pace of general technology  Sustaining Profitability Using Advanced Technology. In a dynamic global industry like oil and gas, you need to manage costs, extract the most value possible  7 Jun 2017 Advanced technologies enable the oil and gas companies to access and obtain the products from the challenging conventional and  2 Jun 2019 The oil and gas industry often laments its evident talent gap, as older the industry's shift to new technologies that can streamline operations,  9 Jan 2020 Companies can also focus on using renewables and new technologies not just as a hedge against demand risk or to decarbonize their  30 Jun 2019 But the oil and gas industry isn't what it used to be — like all sectors, the industry needs to become more efficient and new tech tools and the 

7 Dec 2018 Here are a few ways that the energy industry is using people, technology, and partnerships to make Oil & Gas 4.0 a reality. Embracing new 

Guiding transformation of oil and gas companies in an evolving landscape. The sector requires new business models, rationalized portfolios, accelerated investment in digital technologies and greater capital flexibility. We can help you   9 Nov 2019 Innovation and new technology advances are key for the industry to help Canada meet its climate change commitments. Developing and  Total SA and its partners have made a new natural gas and condensates Managing Assets Digitally: The Oil & Gas Industry Enters A New Digital Regime let a contract to Honeywell UOP LLC to provide technology licensing for new units to 

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